Nokta and Intel Capital Confirms the Investment

We had shared the news on the investment Nokta received from Intel Capital a few days ago. The press meeting on the issue began just a moment ago, and Nokta and Intel people have confirmed the investment, sharing the details on it.

I am in the press meeting at the moment, and will be sharing important details of the investment.

Marcin Hejka, Intel Capital EMEA Region Director, Çiğdem Ertem, Intel Turkey General Manager, Tümay Asena, Nokta CEO, and Tayfun Acarer, Head of Information Technologies and Communications Institution, have participated in the meeting.

This investment is the first of 50 million dollar fund that Intel Capital has to invest in Turkey, Middle East and Africa.

Tümay Asena, says that Nokta websites have reached 89 percent of all the users in Turkish Internet market and an average of 19-20 million unique visitors per month.

Marcin Hejka has told that in the last 20 years more than 450 of Intel Capital’s investments – which make around 40 percent of its total investments – have realized outcome with either public offering or share sales. More than 190 of them are via public offering, and more than 250 of them have been made by share sales.

Marcin Hejka also mentioned that they consider Nokta and particularly the growing Turkish market very important and underlined that they will continue to invest in Turkish companies.

Tayfun Acarer said they lay much importance in this issue, adding that Binali Yıldırım, Minister of Transport and Communication has been very glad to receive the news of investment.

Tayfun Acarer also mentioned that there are nearly 9 million broadband Internet subscribers in Turkey, while broadband usage has increased by 25 percent in 2010. He added that Turkey will have caught the levels of broadband use in Europe by the end of 2011 or 2012.

The press meeting ended without question-answer part, while it was mentioned that related people would be there, ready to answer any questions directly. At the moment there are press members around Intel Turkey General Manager Çiğdem Ertem and Tayfun Acarer, Head of Information Technologies and Communications Institution, and they are directing their questions.

Following this news, which I deem very important for Turkish Internet market, we will wait and see its effects to the industry. I would like to particularly add that an Internet investment is announced with participation of government for the first time, which highlights the attention and importance of this news.

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